Stockholders' Deficit

12 Months Ended

Oct. 01, 2023

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

STOCKHOLDERS’ DEFICIT

Repurchases of common stock — In fiscal 2023, the Company purchased 1.1 million shares of its common stock for an aggregate cost of $90.7 million, including applicable excise tax. As of October 1, 2023, there was $85.0 million remaining amount under share repurchase programs authorized by the Board of Directors which expired on November 20, 2023.

Dividends — In fiscal 2023, the Board of Directors declared four cash dividends of $0.44, respectively, totaling $36.2 million. Future dividends are subject to approval by our Board of Directors.